Please note that the FpML website will be down for maintenance from 6-8pm, New York time, on December 7, 2023. For further information email info@fpml.org
validation rule ird-21 states “if firstPeriodStartDate exists, then firstPeriodStartDate/unadjustedDate < effectiveDate/unadjustedDate" why does the rule not allow the first period start date to also equal the effective date? thanks
The annotation of the firstPeriodStartDate says: “The start date of the calculation period if the date falls before the effective date. It must only be specified if it is not equal to the effective date. This date may be subject to adjustment in accordance with a business day convention.”
